Market Insights

Revolut raises $250M, TransUnion takes Callcredit for $1.4B, DocuSign stock debuts: Friday Deal Book for 04/27/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and announcements from across the identity industry. Here’s a quick peek at what you need to know for the week ending April 27, 2018.

Revolut gets $250 million in latest round

The Series C was led by Hong Kong’s DST Global, with additional support from Index Ventures and Ribbit Capital. Revolut, the U.K.’s leading banking alternative, is now valued at $1.7 billion. The company plans to use its latest infusion of capital to launch new features on their existing products, as well as expand into North America and Asia. [Read more]

TransUnion to acquire Callcredit for $1.4 billion

Callcredit is the second largest and fastest growing consumer credit bureau in the U.K. The move will help TransUnion with its international expansion plans, moving beyond the 33 countries where it already does business. The deal is valued at £1 billion, or about $1.4 billion U.S. The deal is expected to close late in the second quarter or early in the third. In the U.S., TransUnion is one of the “big three” credit bureaus. [Read more]

DocuSign begins trading on Nasdaq with $6 billion market cap

The first day of trading saw shares of the company, trading under DOCU, open at $38. It finished trading Friday at $39.73, with a market cap of over $6 billion. The company originally filed for its IPO in April. DocuSign, which provides identity verification with e-signatures, has been in business since 2003, and clients include Morgan Stanley, Bank of America, T-Mobile, and Salesforce. [Read more]

Experian places strategic investment in Danal

The undisclosed financial commitment from Danal, a mobile authentication platform, comes from Experian, one of the three major U.S. credit bureaus. Experian hopes to leverage Danal’s expertise in using mobile phone attributes to enhance the functionality of its comprehensive identity offering, the CrossCore platform. [Read more]

Adobe finds its voice with acquisition of Sayspring

The voice integration company helps developers build apps for platforms like Amazon Alexa and Google Assistant. Adobe said it plans to have voice technology as an “integral part” of its portfolio moving forward. It did not, however, say which products would gain voice capabilities. [Read more]